Allowing a party to think about a proposed agreement for more than a day or two is too long, because if a party needs more time he or she will probably not reach agreement with you

Paul and Lois Lee, both age 50, are married and filed a joint return for 2016. Their 2016 adjusted gross income was $107,000, including Paul's $82,000 salary. Lois had no income of her own. Neither spouse was covered by an employer-sponsored pension plan. What amount could the Lees contribute to IRAs for 2016 to take advantage of their maximum allowable IRA deduction in their 2016 return?

a) $5,500 b) $0 c) $13,000 d) $12,000

In order to estimate industry market potential, managers most likely require which of the following information?

A) market size and growth rates specific to the industry B) manufacturing specifications and production output C) anticipated improvements within public infrastructures D) expected long-term IT needs and e-commerce trends